Grade 8 · Math

8th grade Two-year and four-year costs, and a saving plan worksheet

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Two-year and four-year costs, and a saving plan

Grade 8 Math Worksheet - Building Confidence

NameDate

Circle the best answer, or write your answer on the line.

The Hollis family's pretend four-year college charges $8,000 in tuition for year 1, and tuition rises $500 each year after. What does Ari find for all 4 years of tuition?
The Ochoa family's pretend four-year college charges $9,500 in tuition for year 1, and tuition rises $700 each year after. What does Bo find for all 4 years of tuition?
The Durand family's pretend four-year college charges $6,000 in tuition for year 1, and tuition rises $400 each year after. What does Esme find for all 4 years of tuition?
The Quill family's pretend first year costs $20,000. A grant pays $2,000 and a scholarship pays 20% of the cost. The family saves the rest over 10 months. What monthly amount does Kira find?
The Cho family's pretend first year costs $24,000. A grant pays $4,000 and a scholarship pays 40% of the cost. The family saves the rest over 10 months. What monthly amount does Milo find?
The Sato family's pretend first year costs $18,000. A grant pays $3,000 and a scholarship pays 50% of the cost. The family saves the rest over 10 months. What monthly amount does Noah find?
Pia reads the Ward family's pretend loan: $8,000 borrowed at 5% simple interest a year for 4 years. How much is repaid in all?
Ren reads the Fischer family's pretend loan: $12,000 borrowed at 4% simple interest a year for 5 years. How much is repaid in all?
Tala reads the Imai family's pretend loan: $6,000 borrowed at 6% simple interest a year for 3 years. How much is repaid in all?
Zee reads the Yu family's pretend loan: $15,000 borrowed at 3% simple interest a year for 6 years. How much is repaid in all?

8th grade Two-year and four-year costs, and a saving plan worksheet – printable — Print: 1 2 3 4 5 6

About this worksheet

Two-year and four-year costs, and a saving plan. Every version has 10 questions, and the answer key prints on the second page.

What your child will learn

I can add up costs that rise each year, by a dollar amount or by a percent.
I can take off a grant, a percent scholarship and the family's share, and say what is left to save or borrow.
I can work out a loan's total and monthly payment with simple interest, and compare two plans year by year.

Standard: state-only

Words to know

tuition: What the college charges for classes.

grant / scholarship: Money given toward college that is not paid back.

family contribution: The part of the cost the family plans to pay.

simple interest: Interest earned only on the amount borrowed, the same each year.

rise: How much a price goes up from one year to the next.

Common mistakes

Your child used the first year's price for every year. When a price rises each year, each year has its own cost to add up.

Your child added a rise to year 1 as well. Year 1 is the starting price; the first rise happens in year 2.

Your child used year 4's price for every year. The price is lower in the early years, so the total is smaller.

Questions parents ask

What is the most common mistake with two-year and four-year costs, and a saving plan?

Your child used the first year's price for every year. When a price rises each year, each year has its own cost to add up.

Are these 8th grade math worksheets free to print?

Yes. All 6 printable versions at each level are free to print, with the answer key, and no account is needed.

More grade 8 math

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